I have to throw in another vote for Shining Force III and Shining the Holy Ark. Camelot did a fantastic job with both of these games. I played the original US SF III release, but I'd like to go play the fan translations of Scenarios 2 and 3 now.
Another fun strategy game to check out on the console is Dragon Force.
A good arena fighter I don't think was mentioned yet is Virtual-On: Cyber Troopers.
And I'll also throw in a vote for Galactic Attack/Layer Section, a fun shmup with awesome 2D graphics and a great soundtrack.